Planet Resource Recovery Enters Into Product Representation Agreement for PetroLuxus(TM) Products in Venezuela
HOUSTON, TX--(Marketwired - Nov 5, 2015) - Planet Resource Recovery, Inc. (OTC PINK: PRRY) is pleased to announce that it has entered into an agreement with Amazon Petroleum International Group, Inc. to represent the full line of PetroLuxus™ products in Venezuela.
Amazon Petroleum International Group, Inc. and its principals have been providing petrochemicals and oil services to Petroleos de Venezuela, SA (PDVSA) for over sixteen years. Through their years of service to PDVSA, they are recognized as a certified National Contractor for Venezuela. Amazon's goal is to provide the latest technologies for the Oil & Gas Industry that maximize production and efficiencies in oil & gas production in an environmentally friendly manner. For more information visit: www.amazonpetroleum.com
For the past six months, Amazon has been working with PDVSA demonstrating the benefits of PetroLuxus WC in oil well production. Lab testing has realized positive results, such as improved quality of oil, reduction in paraffin and asphaltenes and upgrading heavy crude oil streams for pipeline transit. These positive results have been accepted by PDVSA and now will proceed to field tests.
Amazon is also pursuing lab testing and demonstration on other PetroLuxus™ products for the cleaning of sludge pits, tank bottoms, oil spills and H2S reduction.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the earth friendly products of the PetroLuxus™ Technology Platform which currently include the PetroLuxus™ family of products for the Oil & Gas industry and nontoxic AquaLuxus treatment for the water industry. For more information visit: www.planetresource.net.
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report for the year ended December 31, 2009, the Company's Quarterly Report for the First quarter ended March 31, 2014. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
(November 5, 2015 - 10:00 AM EST)
News by QuoteMedia